Ripple Prime opens 24/7 stock and commodity swaps

Ripple has expanded its institutional brokerage business into 24/7 stock and commodity derivatives trading, but HSBC has warned that limited market liquidity could prevent large investors from making extensive use of the service. Summary Ripple Prime has introduced 24/7 perpetual swaps linked to more than 100 stock, commodity and currency markets. HSBC has warned that limited liquidity could restrict participation from larger institutions, particularly when traders need to enter or exit substantial positions over the weekend. Trading firm Virtu is already using the service, while Ripple Prime allows institutional clients to use RLUSD as collateral and manage risk across supported positions. In an October 20 research note, HSBC digital assets research head Daragh Maher described the latest offering as an “evolutionary, not revolutionary” development, arguing that the market still needs sufficient trading depth before institutions can comfortably manage large positions outside conventional exchange hours. The assessment followed Ripple’s October 15 announcement that Ripple Prime had started supporting perpetual swaps linked to more than 100 reference markets, covering equities, stock...